HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate eased to 4.3% in the May-July quarter, improving for the third consecutive period, as domestic economic activities revived in an easing COVID situation and were helped by support measures, the government said on Wednesday.
In the April-June period, the unemployment rate stood at 4.7%.
“The labour market should continue to improve,” the government said, adding a consumption voucher scheme rolled out by the government would provide support for recovery of the local economy, while the extent of improvement will depend on the pace of economic revival amid tightened financial conditions.
(Reporting by Donny Kwok and Twinnie Siu)
